Month: August 2016

The OFTTC is a refundable tax credit based upon eligible Ontario labour expenditures incurred by a qualifying production company with respect to an eligible Ontario production. The OFTTC is generally “harmonized” with the Canadian Film or Video Production Tax Credit. How Much Is The Tax Credit? The OFTTC is generally calculated as 35% of the […]

Manufacturing sales rose 0.8% to $50.2 billion in June, following a 1.0% decline in May. Higher sales of machinery and transportation equipment products were largely responsible for the gain. Nearly three-quarters of the increase in June was attributable to these two industries. Overall, sales were up in 15 of 21 industries, representing 62% of the manufacturing sector. Durable goods rose 1.6% to $27.0 billion, while […]